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Total quantum of maximum $1.6 million, not per square foot.

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Yes, indeed, Here are 20 resale Apartment / Condo projects with most average price PSF below $1600000 psf.
Project NameTenureCompletionNo. of UnitsAvg PSF*
3 CUSCADENFreehold2022963,104
RV ALTITUDEFreehold20231402,818
THE METZFreehold20071692,664
The M99 yrs from 03/07/201920235222,625
ONE DUCHESS999 yrs from 27/12/18752017132,554
SPOTTISWOODE SUITESFreehold20171832,428
DORSETT RESIDENCES99 yrs from 07/12/20092013682,411
ROBINSON SUITESFreehold20161672,374
SPOTTISWOODE 18Freehold20142512,336
ROBIN SUITESFreehold2016922,309
ESPADAFreehold20132322,304
LIV ON SOPHIAFreehold2016642,294
NYONFreehold2022922,277
SKYSUITES@ANSON99 yrs from 18/02/200820143602,268
LOFT @ STEVENSFreehold2013442,263
DUNEARN SUITESFreehold2011262,263
LIV ON WILKIEFreehold2017812,254
ILLUMINAIRE ON DEVONSHIREFreehold2011722,243
26 NEWTONFreehold20161802,240
COMMONWEALTH TOWERS99 yrs from 07/05/201320178452,229

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction